UBS Group Cuts DuPont de Nemours (NYSE:DD) Price Target to $75.00

DuPont de Nemours (NYSE:DD) had its price target cut by UBS Group from $103.00 to $75.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

DD has been the subject of several other research reports. Royal Bank of Canada lowered their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Bank of America upgraded DuPont de Nemours from an “underperform” rating to a “neutral” rating and lowered their target price for the stock from $80.00 to $75.00 in a report on Tuesday. KeyCorp upgraded DuPont de Nemours from a “sector weight” rating to an “overweight” rating and set a $81.00 price target on the stock in a report on Monday. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.71.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $60.13 on Tuesday. DuPont de Nemours has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $25.16 billion, a PE ratio of 36.01, a PEG ratio of 2.15 and a beta of 1.25. The stock’s fifty day simple moving average is $73.83 and its 200 day simple moving average is $78.39.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, research analysts predict that DuPont de Nemours will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.73%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

Institutional Trading of DuPont de Nemours

A number of hedge funds have recently made changes to their positions in DD. Level Four Advisory Services LLC raised its stake in DuPont de Nemours by 2.8% in the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock valued at $357,000 after acquiring an additional 129 shares during the period. Lake Street Advisors Group LLC lifted its stake in shares of DuPont de Nemours by 3.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock worth $323,000 after buying an additional 132 shares during the last quarter. Global Trust Asset Management LLC grew its stake in DuPont de Nemours by 1.5% in the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after buying an additional 133 shares during the last quarter. Avior Wealth Management LLC raised its holdings in DuPont de Nemours by 22.7% in the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 137 shares during the period. Finally, Hancock Whitney Corp lifted its position in DuPont de Nemours by 2.6% during the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company’s stock worth $429,000 after acquiring an additional 143 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.